There are two ways to model paying off your mortgage early.

NewRetirement automatically calculates your mortgage payment based on your mortgage balance and interest entered. Any amount beyond the calculated interest payment will be applied toward the principal.

Step 1: Go to My Plan > Home and Real Estate

Step 2: Open the Primary Residence section

Step 3: Press on the ✎ (pencil) to edit

Step 4: Increase the monthly payment field

Step 5: You can check the Estimated Payoff Date below the ZIP Code field and adjust your monthly payment to achieve your desired payoff date

Step 6: Press Save when complete

You can apply funds from a withdrawal towards mortgages. Any amount in addition to your monthly mortgage payment will be applied toward the principal.

Step 1: Go to My Plan > Money Flows.

Step 2: Open the Transfers section

Step 3: Press on "Add a Transfer +"

Step 4: Designate the From account (the account that will be tapped to pay down the mortgage)

Step 5: Designate the To account as the mortgage

Step 6: Enter a payment amount in future dollars (i.e. the amount you expect to transfer at the time of transfer)

Step 7: Specify at what age this transfer will take place

Step 8: Add a descriptive note

Step 9: Press Save

PlannerPlus members can go to the Expense Projection chart on Insights > Income & Expenses to see the year mortgage payments will end and make transfer/monthly payment adjustments accordingly